I think some are on considerably more than that.
No government in their right minds would lend these burglars anything when no lender has given them a cent in four years. The cash burn rate is almost their biggest achievement.
Blown the best part of nearly 15 million in a year or so to achieve zilch.
Government aren’t fools. They like return for an investment.
Consolidation will be evident and may keep the lights on, but really only covering cracks.
It’s the fundamentals that stink and a poorly thought out plan, hence no money forthcoming.
Tough but true.
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